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FinancialWire
November 9, 2017 Thursday
266 words
Echo Engineering/Production Acquires Ammex Plastics in Heart of Auto Industry

9 November 2017 - Indiana, US-based design and engineering services company Echo Engineering and Production Supplies, Inc. has acquired Michigan, US-based custom plastic component manufacturer Ammex Plastics, a client of Texas, US-based merger and acquisition advisory firm Generational Capital Markets, Inc., the company said.

Terms of the transaction were not disclosed.

Ammex Plastics will now operate as Echo Engineering and Production Supplies, Inc. dba Ammex Plastics.

Echo is a portfolio company of Matri Holdings, Inc., a private investment company specialising in acquisitions of manufacturing and/or distribution businesses. Echo can accelerate its decade-long growth with the acquisition of Ammex' manufacturing facility located in the heart of the automotive industry.

Ammex primarily serves the automotive industry and has a production facility and a warehouse each covering more than 15,000 square feet.

The company mainly produces under-the-hood, functional parts including fluid routing, fastening, interior and suspension system components.

Echo Engineering and Production Supplies is an industrial solutions business providing design and engineering services, manufacturing processes, supply chain management, and quality assurance. Echo sells plastic, rubber, and adhesives, both direct and indirect product, into several industries including automotive and mobility, agriculture, power sport and recreation, marine, electronics, and other manufacturing sectors.

Generational Capital, LLC wholly owns Generational Capital Markets, Inc.

(Distributed by M2 Communications (www.m2.com))
November 9, 2017
      
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